The rumors have been flying for some time that the Big XII Agreement was very weak. That makes no sense to me, but nothing about the departures of Mizzou and Aggies to the land of nothing but football aka the $EC makes sense to me. Since CU and NU got out at about 65% of the contractual penalty, I guess the Big XII gave the other defectors the same deal. For some unknown reason, it is being reported that A&M was paid extra to leave. That makes sense to me, since we all will be happy to see them gone. The language for Mizzou is the same as Aggies, except Aggies got a little something extra. Notice the bold and underlined part below. This actually pisses me off since Aggies should be paying $20M plus extra damages for interfering with the Big XII's contract with Mizzou.
The Conference will withhold an estimated $12,410,000 from Texas A&M's projected distribution for fiscal year 2012. However, the parties agreed that A&M will receive a portion of the benefit received by the Big 12 Conference from the signing of its television contract with Fox Sports, scheduled to commence July 1, 2012, and certain other concessions.
So, the only way I can makes sense of this is to assume that the Big XII wanted Mizzou to stay, but let them go. However, we paid extra to A&M for something. What could it be? I wonder if Aggies tried to stay in the Big XII for sports other than football through 2012 and we will pay them something minimal to get rid of them. What else could be the reason to allow them any portion no matter how miniscule of the new lucrative contract?